Guideline Value for Brevery Road

Brevery Road guideline value

The current guideline value of Brevery Road in Naduvakkarai village is Rs 11,000 per sq.ft, effective from 1 July 2024. This property falls under the AnnaNagar SRO and is classified as Residential Class I Type - II.

How the guideline value of Brevery Road has changed

The guideline value for Brevery Road has seen significant changes over the years. In 2007, the value was Rs 1,800 per sq.ft, which increased dramatically to Rs 10,000 per sq.ft by 2012, marking a 456% rise. However, the value decreased to Rs 6,700 per sq.ft in 2017, reflecting a decline of 33%. In 2023, the guideline value was Rs 10,000 per sq.ft, and it rose to Rs 11,000 per sq.ft in the 2024 revision, an increase of 10%.

There are no figures available for Brevery Road in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 511%.

Guideline values in Naduvakkarai

Naduvakkarai has a total of 148 streets under the AnnaNagar SRO carrying a guideline value for 2024, ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median guideline value for these streets is Rs 11,500 per sq.ft, placing Brevery Road's 2024 figure below that median.

• Block AD 4th Street -25’: Rs 11,500 per sq.ft (2024)
• Block AD 3rd Street -25’: Rs 11,500 per sq.ft (2024)
• Block AD 2nd Street -25’: Rs 11,500 per sq.ft (2024)
• Block AD 1st Street -25’: Rs 11,500 per sq.ft (2024)
• Block AC 4th Street -40’: Rs 11,500 per sq.ft (2024)
• Block AC 3rd Street -40’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Brevery Road

For a 1,000 sq.ft plot at the current rate of Rs 11,000 per sq.ft, the guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, totaling Rs 9,90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brevery Road?

The Sub Registrar Office that covers Brevery Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

How the guideline value is used when you buy or sell in Naduvakkarai

The guideline value is a crucial factor when buying or selling property in Naduvakkarai. It determines the minimum value at which property transactions can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and fairly in the official registry.

Frequently asked questions

What is the current guideline value of Brevery Road?

The current guideline value of Brevery Road is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Brevery Road has increased from Rs 1,800 per sq.ft in 2007 to Rs 11,000 per sq.ft in 2024, reflecting a significant overall increase of 511% over the years.

What are the other guideline values in Naduvakkarai?

In Naduvakkarai, the guideline values range from Rs 3,300 to Rs 15,900 per sq.ft, with a median value of Rs 11,500 per sq.ft. Brevery Road's current value is below this median.

What fees are associated with buying property on Brevery Road?

When buying property on Brevery Road, buyers should expect to pay stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Brevery Road?

The Sub Registrar Office covering Brevery Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.